Tech Stocks Skid, Sending
Industrials Into Correction

Stocks skidded Friday, led by profit-taking in the white-hot technology sector, sending the Dow industrials into what market watchers consider a correction following a punishing week.

An unexpectedly weak monthly reading on retail sales, an encouraging development on the interest-rate front, was largely ignored by equity investors. It gave the inflation-wary bond market a boost, however.